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$ 2,200,000
Est. payment /mo
Active
448 East 94th ST Brooklyn, NY 11212
32 Beds
28 Baths
25,600 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 25,600 sqft
Price per Sqft $85
MLS Listing ID 496069
Bedrooms 32
Full Baths 28
Year Built 1928
Annual Tax Amount $81,450
Property Sub-Type Multi-Family
Property Description
448 East 94th St. AKA address 448-456 E94th St, is an excellent opportunity to acquire a solid red-brick, four-story pre-war 28-unit multifamily building in the heart of East Flatbush, Brooklyn. This well-maintained walk-up property with spacious pre-war apartments ranging from studios to 3 bedrooms attracts a strong rental demand and provides steady cash flow. With a CAP rate near 8%, the property offers immediate income as well as long-term appreciation potential. Fully occupied, all apartments are rent-stabilized, with no rent control in place. The building enjoys a prime location surrounded by multiple shopping and dining choices. Neighborhood perks include the modern amenities of nearby Kennedy Park and sporting opportunities at Betsy Head Park. Multiple bus lines and the 2, 3, 4, and 5 subway lines at Saratoga Avenue ensure convenient transportation throughout the city. With consistent occupancy, rental upside, and highly desirable pre-war layouts, this 28-unit brick building is a substantial addition to any investment portfolio. As a bonus, the opportunity to acquire a similar property located at 455 could add another 25 units to this asset collection. DHCRs can be provided upon request. Buyer is responsible for due diligence.
Location
State NY
County Kings (brooklyn)
Area East Flatbush
Zoning R6
Rooms
Basement Full, Unfinished
Interior
Hot Water Gas, Oil
Heating Gas, Oil
Flooring Hardwood, Linoleum, Tile
Heat Source Gas, Oil
Exterior
Exterior Feature Brick
Amenities Available Resident Superintendent
Roof Type Asphalt/Tar,Flat
Handicap Access No
Building
Story 4
Foundation Poured Concrete
Others
Energy Description Gas,Oil
Financing 1031 Exchange,Bank Mortgage,Cash
Listed by Keller Williams Realty Empire